Kelt Exploration Ltd (KEL) Price Target Raised to C$10.50 at TD Securities

Kelt Exploration Ltd (TSE:KEL) had its price target hoisted by stock analysts at TD Securities from C$9.50 to C$10.50 in a research note issued to investors on Monday. The brokerage presently has an “action list buy” rating on the oil and gas exploration company’s stock. TD Securities’ price target points to a potential upside of 63.04% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a C$10.00 price target on shares of Kelt Exploration in a research report on Friday. BMO Capital Markets lifted their price target on shares of Kelt Exploration from C$8.00 to C$8.50 in a research report on Thursday, January 5th. Scotiabank reissued an “outperform” rating and set a C$7.50 price target on shares of Kelt Exploration in a research report on Friday, November 11th. RBC Capital Markets lifted their price target on shares of Kelt Exploration from C$7.00 to C$8.00 in a research report on Thursday, December 15th. Finally, Desjardins lifted their price target on shares of Kelt Exploration from C$7.50 to C$8.00 in a research report on Wednesday, December 21st. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Kelt Exploration has a consensus rating of “Buy” and an average price target of C$8.42.

Analyst Recommendations for Kelt Exploration (TSE:KEL)

Kelt Exploration (TSE:KEL) traded down 2.48% during mid-day trading on Monday, hitting $6.28. 342,317 shares of the company’s stock were exchanged. The stock’s market cap is $1.10 billion. The stock’s 50 day moving average price is $6.67 and its 200-day moving average price is $5.97. Kelt Exploration has a 12 month low of $2.81 and a 12 month high of $7.49.

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In other news, insider Alan G. Franks sold 45,300 shares of the business’s stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of C$7.03, for a total transaction of C$318,459.00.

About Kelt Exploration

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.

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